An Indian Deep Tech firm and first Indian OEM of HSM, JISA Softech has officially introduced Payment Hardware Security Module (HSM), CryptoBind Payment HSM. The goal of this cutting-edge technology is to protect sensitive payment data and transactions while completely changing the way financial institutions handle cryptographic operations and activities.
The much-awaited debut event was held on August 30, 2024, at the Jio World Convention Center in Mumbai, at the Global Fintech Fest. The debut of this cutting-edge technology, which is expected to revolutionize security standards in the banking industry, was observed by attendees.
With its special partitioning feature, the CryptoBind Payment HSM may be split up into several virtual HSMs.
Without deploying several HSMs, each division functions independently, giving financial organizations the scalability to encrypt more data and safeguard a wider range of financial operations. This development enhances the effectiveness of security applications and streamlines cryptographic processes and activities.
Rumit Shah, Director of JISA Softech, emphasized the significance of this development: “In today’s rapidly evolving financial landscape, the need for robust and scalable security solutions is paramount. Our CryptoBind Payment HSM is designed to meet this demand, offering unparalleled flexibility and security to our clients. By enabling financial institutions to manage multiple cryptographic tasks with a single HSM, we are helping them to streamline operations and reduce costs.”
